Genentech to eliminate 474 positions

Genentech to eliminate 474 positions

Source: 
Beckers Hospital Review
snippet: 

South San Francisco, Calif.-based biotech company Genentech reported to the California Employment Development Department that it will soon lay off 474 employees, according to the San Francisco Chronicle.

A company spokesperson told the San Francisco Chronicle the layoffs are unrelated to the pandemic or the clinical trials the drugmaker is conducting to test arthritis drug Actemra's ability to treat COVID-19.